Key Developments: Gannett Co Inc (GCI)

GCI on New York Consolidated

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27 Mar 2015
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Latest Key Developments (Source: Significant Developments)

Gannett Co Inc announces quarterly dividend
Tuesday, 24 Feb 2015 02:30pm EST 

Gannett Co Inc:Says Board declared a dividend of 20 cents per share, payable on April 1, 2015 to stockholders of record as of the close of business on March 6, 2015.  Full Article

Gannett Co Inc gives Q1 2015 revenue outlook below analysts' estimates-Conference Call
Tuesday, 3 Feb 2015 10:00am EST 

Gannett Co Inc:Expects Q1 2015 total revenues to be up in the low- to mid-single digits, compared to Q1 2014.Reported revenue of $1.404 bln in Q1 2014.Q1 2015 revenue of $1.521 bln - Thomson Reuters I/B/E/S.  Full Article

Gannett Co sells Gannett Healthcare Group
Monday, 29 Dec 2014 02:30pm EST 

Gannett Co:Says it has sold Gannett Healthcare Group (GHG) to OnCourse Learning, an online education and training provider.Sale price was not disclosed.  Full Article

Gannett Co Inc announces quarterly dividend
Tuesday, 28 Oct 2014 01:57pm EDT 

Gannett Co Inc:Declares a dividend of 20 cents per share.Payable on Jan. 2, 2015 to stockholders of record as of the close of business on Dec. 5.  Full Article

Gannett Co., Inc completes acquisition of remaining 73 pct. interest in Cars.com
Wednesday, 1 Oct 2014 09:16am EDT 

Gannett Co., Inc:Says that it has completed acquisition of the remaining 73 pct. interest in Classified Ventures LLC, which owns Cars.com, for $1.8 billion.  Full Article

Gannett Co., Inc. announces completion of $675 mln offering of senior notes
Monday, 8 Sep 2014 10:34am EDT 

Gannett Co., Inc:Announces completion of its previously announced private placement offering of $350 million aggregate principal amount of its 4.875pct Senior Notes due 2021 and $325 million aggregate principal amount of its 5.500pct Senior Notes due 2024.Intends to use the net proceeds from the offering plus available cash and borrowings under its revolving credit facility to finance the acquisition of all of the interests of Classified Ventures, LLC that it does not already own.Any remaining proceeds may be used for general corporate purposes.  Full Article

Gannett Co Inc announces pricing of $675 million of senior notes
Wednesday, 3 Sep 2014 05:34pm EDT 

Gannett Co Inc:Prices offering of senior notes due 2021 and senior notes due 2024.Face value of 2021 Notes is $350 mln, with an interest rate of 4.875 pct.2021 Notes were priced at 98.531 pct of face value.Subject to certain exceptions, the 2021 Notes may not be redeemed by company prior to Sept. 15, 2017.Face value of the 2024 Notes is $325 mln, with interest rate of 5.500 pct.2024 Notes were priced at 99.038 pct of face value.Subject to certain exceptions, the 2024 Notes may not be redeemed by company prior to Sept. 15, 2019.Intends to use net proceeds from offering plus available cash and borrowings under revolving credit facility to finance acquisition of all of outstanding membership interests of Classified Ventures, LLC that it does not already own.Any remaining proceeds may be used for general corporate purposes.  Full Article

Gannett Co Inc announces offering of senior notes
Wednesday, 3 Sep 2014 07:21am EDT 

Gannett Co Inc:Intends to offer $350 mln of senior notes due 2021 and $325 mln of senior notes due 2024 in private offering.Notes will be guaranteed on a senior basis by subsidiaries ofCompany that guarantee its revolving credit facility.Company intends to use net proceeds from offering plus available cash and borrowings under its revolving credit facility to finance the acquisition of all of outstanding membership interests of Classified Ventures, LLC that it does not already own.Any remaining proceeds may be used for general corporate purposes.  Full Article

Graham Holdings Co agrees to sell investment in Classified Ventures to Gannett Co Inc
Tuesday, 5 Aug 2014 08:45am EDT 

Graham Holdings Co:To sell their stake in Classified Ventures (CV) to Gannett Co., Inc. for a price that values CV at $2.5 bln. Gannett currently owns a 27 pct share of CV; Graham Holdings owns a 16.5 pct share.Transaction is expected to close before the end of 2014, subject to regulatory review.  Full Article

Tribune Media announces agreement to sell 27.8 pct stake in Classified Ventures to Gannett
Tuesday, 5 Aug 2014 06:35am EDT 

Tribune Media Co:Says with the remaining partners in Classified Ventures, LLC (CV) enters into a definitive agreement to sell its entire stake in CV to Gannett Co., Inc. for a price that values CV at $2.5 bln.Transaction is expected to close before the end of 2014.Expects to use the proceeds from this transaction for general corporate purposes.Moelis & Company served as financial advisors and Skadden, Arps, Slate, Meagher & Flom provided legal counsel to CV on this transaction.  Full Article

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Carl Icahn withdraws Gannett director nominations

- USA Today publisher Gannett Co Inc said it had reached an agreement with Carl Icahn resulting in the activist investor withdrawing his nominations to the company's board.

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